Off by Nearly 1 MILLION Jobs? Why New Jobs Report Will Impact Rentals

On The Market

BiggerPockets

Investing, Education, Business, News

4.8 • 859 Ratings

🗓️ 19 February 2026

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Big economic news dropped last week: labor data, inflation rates, and huge jobs revisions. All of these are already impacting the housing market, but could new numbers cause an even greater shift that could affect your mortgage rate, your rents, and your next deal? Rental property owners, agents, sellers, and buyers: this news affects what you’re doing right now. New labor data beat the odds, with a surprising amount of hirings. But, with many of those hirings concentrated in a few specific fields, investors in markets with this line of work will need to watch carefully. And it wasn’t all good news—the largest jobs number revision in over a decade happened last week. The number of overreported jobs? It changes the picture entirely. A strong labor market could mean stagnant mortgage rates, but inflation data might just come in to save the day. With lower inflation readings, could the Fed get the confidence to cut once again? Finally, we’ll talk about exactly which types of homes will sell and which will stagnate on the market. One type of property is flying off the proverbial shelf, so if you can build, renovate, or rent it, you could be in luck. For the rest of investors, Dave has some cautious words of wisdom that could save you if this economic trend continues. In This Episode We Cover Off by nearly 1,000,000 jobs: Inside the largest jobs number revision in over a decade New inflation rate readings and whether we’re trending in the right direction More moves for mortgage rates? Positive data that could tip them a bit lower The one type of housing that has high demand, even as consumer sentiment stays low Why you either feel phenomenal or terrible about the U.S. economy And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets Sign Up for the On the Market Newsletter Find Investor-Friendly Lenders Dave's BiggerPockets Profile On the Market 372 - New Recession Indicator Shows Americans Worse Off Than We Thought BiggerPockets Real Estate - 1229 - Scott Trench’s $1,000,000 Bet on Real Estate (Update) Grab the Book on "Recession-Proof Real Estate Investing" Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and https://www.biggerpockets.com/blog/on-the-market-401. Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Big economic news dropped over the last week. From strong labor data to huge revisions about the
0:06.8	data we got last year, a new inflation print. All this together brought us new insights that can help
0:12.8	us see where the economy and the housing market is heading. So in today's episode of On the Market,
0:17.9	we're diving into the latest economic news to help you make sense
0:21.8	of the markets and help drive decision making. We're talking about new jobs reports,
0:26.5	inflation data, consumer sentiment, and how all of that comes together to impact our mortgage
0:32.0	rate outlook. We're also going to discuss some particular sectors of the housing market that
0:35.9	are poised to shine and which areas might be at greatest risk. This is On the Market. Let's get into it.
0:47.0	Hey, everyone, it's Dave. Welcome to On the Market. Last week was a big one for economic news.
0:52.9	And all the things we learned are going to directly impact mortgage rates.
0:58.0	They're going to impact buyer demand and the direction of the housing market.
1:01.6	So we're going to dive into the latest data today and talk about what it means as we head into the hopefully busy spring buying season.
1:10.8	First up, we're going to talk about labor data.
1:13.0	What's going on in the job market?
1:15.1	This is a big question out there because over the last couple of once,
1:18.4	we've had a lot of conflicting signals.
1:20.8	But before I dive into what we learned,
1:22.9	I just wanted to make clear why this even matters for real estate investors. Because labor market
1:29.4	might not seem obvious what this means for the housing market, but first, it helps us understand
1:35.5	buyer activity. People who are losing their jobs or are fuel for their jobs, probably not
1:40.8	going to buy a house. Second, it helps us understand rental demand and rent growth
1:45.7	because same sort of thing about demand applies for renters. If they are worried about their job,
	...

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